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Kiplinger
Kiplinger
Business
Michael Reese, CFP®

Will Taxes Shred Your 401(k) or IRA During Your Retirement? It's Very Likely

A piggy bank sits on a nest of shredded cash.

As your retirement savings in a traditional 401(k) grow over decades of working, you may feel an increasing sense of financial security. And that is good.

You're doing what you've been told to do: Save as much as possible, ideally in your 401(k) so you can defer tax.

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